AWF vs IVV
AllianceBernstein Global High Income Fund vs iShares Core S&P 500 ETF
Which is better, AWF or IVV?
High Yield Bond against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AWF | IVV |
|---|---|---|
| Expense Ratio | 1.00% | 0.03%Best |
| AUM | $974M | $886.7B |
| Dividend Yield | 6.98% | 1.10% |
| Holdings | 1,273 | 508 |
| YTD Return | -1.46% | +13.86%Best |
| 1Y Return | -4.28% | +21.57%Best |
| 3Y Return (annualized) | +8.30% | +21.48%Best |
| 5Y Return (annualized) | +3.64% | +12.88%Best |
| Volatility (annualized) | 16.2% | 15.1%Best |
| Max Drawdown | -58.1% | -56.5%Best |
| $10,000 over 5 years | $11,957 | $18,327Best |
| Fund Family | AllianceBernstein L.P. | iShares by BlackRock (US) |
| Category | Fixed Income | Equity |
| Style | High Yield Bond | Large Cap Blend |
| Inception | Jul 28, 1993 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 19, 2000 to Sep 3, 2026 (26.3 years).
AWF vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 26.3 years both funds cover.
AWF vs IVV Performance
AllianceBernstein Global High Income Fund (AWF) is an ETF from AllianceBernstein L.P. and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year AWF returned -4.28% while IVV returned +21.57%. Year to date, AWF is down 1.46% versus a gain of 13.86% for IVV.
Over three years, AWF compounded at +8.30% per year against +21.48% for IVV; over five years the annualized figures are +3.64% and +12.88% respectively. Across the full 26-year window we track, IVV has the edge at +7.03% annualized vs +2.28%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AWF has been the more volatile fund, with annualized monthly volatility of 16.2% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -58.1% for AWF and -56.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.60. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AWF charges 1.00% per year while IVV charges 0.03%. On a $10,000 position that is $100 vs $3 annually, a gap of $97 per year that compounds over a long holding period. On income, AWF currently yields 6.98% against 1.10% for IVV.
Holdings Overlap
We hold position weights for 707 holdings in AWF and 505 in IVV, totalling 65.7% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 401 days apart, AWF as of Jun 30, 2025 and IVV as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 707 positions we hold weights for in AWF and 505 in IVV, against full books of 1,273 and 508.
You are not choosing between two funds in isolation.
Whichever of AWF and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AWF or IVV?
AWF has an expense ratio of 1.00% while IVV charges 0.03%. IVV is the cheaper option, by $97 a year on a $10,000 investment.
Which performed better, AWF or IVV?
Over the past year AWF returned -4.28% vs +21.57% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), AWF annualized +2.28% vs +7.03% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AWF or IVV?
AWF has been the more volatile fund at 16.2% annualized versus 15.1% for IVV. Worst drawdown: AWF -58.1% vs IVV -56.5%.
Should I hold both AWF and IVV?
AWF and IVV have a monthly-return correlation of 0.60, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, AWF or IVV?
AWF yields 6.98% while IVV yields 1.10%, so AWF currently pays the higher dividend yield.
Is IVV better than AWF?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.